Company has lost more than 65% in value since last year, although it is still world’s most valuable automaker
Tesla shares started 2023 where they left off last year, plunging more than 14% on Tuesday on growing worries about weakening demand and logistical problems that have hampered deliveries for the world’s most valuable automaker.
Once worth more than $1tn, Tesla lost more than 65% in market value in a tumultuous 2022. Tuesday’s slide knocked off nearly $60bn in market value, roughly equal to the valuation of rival Ford, which last year sold three times as many cars as Tesla.
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Originally posted in the guardian.
